German retail sales dropped unexpectedly in October, official data revealed on Friday.
Retail sales decreased 0.3 percent month-on-month, offsetting the 0.3 percent increase in September, Destatis said. Economists had forecast a monthly increase of 0.1 percent.
Retail sales of food products rose 1.2 percent in real terms and non-food retail sector dropped 0.7 percent. Online and mail-order sales declined 0.6 percent in real terms.
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June 12, 2026 17:14 ET Major central bank action was the focus this week in economic news. The European Central Bank became the first major central bank to move in response to the rising inflationary pressures in the backdrop of the conflict in the Middle East. In North America, the U.S. inflation and trade data as well as Canada’s central bank decision gained attention. The Chinese trade data was the main news in Asia.